Gold Holds Above $4,055 on Friday as Fed Rate Decision Looms

According to Kitco NewsWire, spot gold was trading near $4,055.00 on Friday, up 0.16%, while spot silver was trading near $58.31, up 1.35% on the session. Precious metals steadied after Thursday's selloff as traders weighed U.S. jobless claims data—which fell to 187,000 for the week ended July 18, the lowest level since September 1969—alongside the European Central Bank's decision to hold its deposit rate at 2.25%. The 10-year Treasury yield held near 4.70% and the U.S. dollar index remained steady near 101.39, capping gold's rebound as traders awaited the Federal Reserve's policy decision on July 29.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments